5100 Davis BlvdNorth Richland Hills, TX 76180

For Sale
$2,594,000

North Richland Hills, TX QSR Investment

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a fee-simple interest in a freestanding Chicken Express restaurant in North Richland Hills, Texas. The property boasts a brand-new 15-year absolute NNN lease with three 5-year renewal options, ensuring long-term stability. The lease includes a 10% rent increase every five years, providing built-in protection against inflation and consistent NOI growth. Located on a prominent corner at Davis Blvd and Standley St, the 2,142 square foot building sits on a 0.55-acre lot with 17 parking spaces. The property benefits from high visibility and accessibility due to its proximity to Interstate 820 and State Highways 121 and 183, experiencing combined daily traffic of 378,000 vehicles. The strong demographics of the area, including a 5-mile radius population exceeding 284,000 with an average household income of $111,111, and the presence of nearby retail anchors like North East Mall (2,134,000 square feet) and Tarrant County College Northeast (12,000+ students), contribute to a robust consumer base. The property's Planned Development zoning and 2003 construction further enhance its value. With a 6.00% cap rate and a net operating income of $155,641, this is a compelling investment opportunity offering minimal landlord responsibilities and significant long-term potential. The asking price is $2,594,000, translating to $1,211.02 per square foot. The property's APN is 7440-18-1R.

Highlights

  • 15-Year Sale-Leaseback with Scheduled Rent Increases; Growing Brand with Extension Options.
  • Absolute NNN Lease; Fee Simple Ownership; Zero Landlord Responsibilities.
  • Strong Demographics within a 5-Mile Radius; High Household Incomes; Direct Consumer Base.
  • Located near North East Mall (2,134,000 SF); Dense Retail Area; Proximity to Tarrant County College Northeast (12,000 students).
  • High-Visibility Hard Corner Location at I-820, Hwy 121 & Hwy 183 (378,000 Vehicles Per Day); Excellent Access.

Property Details for 5100 Davis Blvd

Property type
Other retail properties, Restaurants
Square Feet
2,142 SF
Year Built
2003
Buildings
1
Lot Size (sq. ft)
23,958 SF

Location Insight

City
North Richland Hills
County
Tarrant
State
Texas
Latitude
32.83982
Longitude
-97.2137835
5100 Davis Blvd, North Richland Hills, Texas

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5100 Davis Blvd
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